As part of its ongoing membership engagement initiative, (COMAC) recently met with the leadership of Westol Petroleum Ltd (NOVA) to discuss key operational and regulatory challenges affecting Ghana’s downstream petroleum sector.
The meeting, held at Westol head office, was led by Mr. Kwasi Zigah, Managing Director of Westol Petroleum Limited, supported by Mr. Seth Clottey, Finance Manager, and Mr. Delali Afetornu Commercial Manager.
The COMAC delegation was led by Mr. Mohammed Issah, Director of Policy, accompanied by Ms. Susana Aba Eyiah, Membership Development Manager; Ms. Akua Benewaa Boateng, Assistant Membership Development Manager; and Ms. Golda Frempong Tenkorang, Assistant Membership Development Manager.
Discussions focused on several critical industry concerns, including the establishment of a sustainable price floor to ensure fair competition, strengthening value‑chain integrity, improving zonalization processes, and addressing delays in regulatory communications.
The engagement also covered the review of the UPPF framework, the importance of responsible pricing across the sector, and the need for digital system enhancements to improve operational efficiency.
Specific attention was given to regulatory processes involving the National Petroleum Authority (NPA) and digital systems operated by the Ghana Revenue Authority (GRA).
COMAC emphasized the need to upgrade the GRA portal to reflect current product payment mechanisms and improve declaration accuracy.
Additionally, COMAC encouraged the adoption of Automatic Tank Gauging (ATG) systems at retail outlets to support real‑time monitoring and strengthen operational efficiency across the industry.
COMAC looks forward to continuing these visits, as part of its broader mandate to represent the interests of the industry while supporting a stable and well-functioning petroleum market.
Leave a Reply